Ripple has outperformed over this last couple of month. Though we can see a large dip now in the price. But this is not what stops it here there is a technology living in the blockchain which is strong enough.

The coin, Ripple(XRP) have shown growing from 0.2$ to the highest reach of $3.82 on January 4th, that huge deal. But do you know what makes the ripple surge this much?

Well, the ripple is the only coin which is considered to be used by the bank for the settlement of payments, Ripple is more likely expected to overcome the wire transfer technology (which take 2-3 business days) to an instantaneous few seconds settlements, all thanks to the ripple technology which is holding all together.

With this much of the fame, the coin or the token is caught up in the eyes of the big companies like Amazon and is expected to merge together for the better settlement of the payments.

Well, the Ripple token cannot be mine like ethereum or monero and well works upon the distributed open source internet protocol, which is commonly known for P2P of peer-to-peer.

Also, the ripple surge is overthrown by the crypto market surging too.

What going around with Ripple recently?

You can now buy properties with ripple, Propy one of the famous online property dealing website added ripple as a payment method.

Axis Bank became first Indian bank to use Ripple as the payment settlement system.

Ripple is expected to work for a company like Amazon, for payment settlements across the globe.

Reasons why Ripple can overtake

Well before that, we need to understand what daily issues with our banking system. Since Ripple majorly focus on the banking settlements.

Problem with today’s payment settlements

The RippleNet

The ripplenet is what they called the working technology behind the Ripple ecosystem. While it holds up the working of the blockchain; providing low cost with the fast certainty of the transaction made. It is the reason it is used as the RTGS(Real Time Gross Settlement).

The Ripple has this main objective to provide with the transaction settlement technology strengthen up with the blockchain, which is way far better than the native technology we are using in our banks.